Schroder Asian Total Return Investment Company plc - ATR

Designed to protect and grow wealth through all market conditions

Why invest in ATR?

The Schroder Asian Total Return provides an unconstrained approach to investing in Asian markets, seeking to provide a total return to investors while providing an element of capital protection.

Investing in high potential companies across the Asia Pacific region

The Portfolio Managers are not bound by benchmarks. This gives them the freedom to support their top investment choices through an active strategy, without being tied to a specific index. As a result, the portfolio is diverse both in terms of geographical location and sector. They particularly incline towards small and mid-cap companies, concentrating on those that are well-managed and acknowledge the significance of providing a strong, growing dividend to their shareholders. This, they believe, is a crucial component of a promising long-term total return.

Benefit from a smoother journey and the possibility for higher returns

The ability to choose stocks with strong long-term return prospects is further enhanced by the application of a tactical hedging strategy. This strategy aims to provide a less bumpy investment journey compared with the Reference Index by lowering volatility and preserving capital. In the aggregate, this serves to alleviate some of the broader risks associated with investing in Asia.

Rely on decades of Asian investment expertise

The co-portfolio managers Robin Parbrook and King Fuei Lee have more than 50 years of combined investment experience and are renowned for their expertise in Asian equity investing. They draw upon the extensive resources of Schroders’ Asia Pacific equities research team based in six offices across the region, as well as Schroders’ London-based global sector specialists. This helps provide an information advantage in an under-researched and market inefficient region.

Key Information

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NEW: Annual Report & Accounts 2023
Annual Results 2023: Kepler Results Analysis
Investor Presentation – Annual Results
Latest Factsheet
Kepler Research Note
Key Information Document
Morningstar Report

Watch: Annual Results

In April 2024, Robin Parbrook presented the Trust's annual results for the year ended 31 December 2023.


For further performance data please visit the London Stock Exchange website

Ongoing charge (as at July 2023): 0.82%

Performance fee: 10% of NAV over a 7% hurdle rate. Sum of management and any performance fee capped at 1.25% of net assets. Only applies if trust meets or outperforms reference index.

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Portfolio Holdings

Awards and ratings


Source: Morningstar as at July 2024


Source: Kepler Trust Intelligence, 2024

Robin Parbrook Alpha Manager of the Year FE FundInfo TrustNet

Source: FE fundinfo, 2024

Corporate governance

Find out more about the Company's Board, view key dates and keep up with regulatory news.

Meet the managers

"You can’t dine off relative returns, and in Asia we believe the benchmark indices are a poor reflection of the overall investment opportunities. The priority of the Company is to make money, whilst providing an element of capital preservation in a volatile asset class."

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Robin Parbrook

Co-Head of Asian Equity Alternative Investments

King Fuei Lee

Co-Head of Asian Equity Alternative Investments


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Latest Annual Report and Accounts
Latest Half Year Report
AGM Results
Schroders Annual Sustainability Report
Financial Crime Policy
Alternative Investment Fund Managers Directive (AIFM) Disclosures
Terms of Reference: Management Engagement Committee
Terms of Reference: Nomination Committee
Terms of Reference: Audit & Risk Committee


Annual Reports and Accounts

2021  / 2020  / 2019  / 2018  / 2017  / 2016  / 2015 /

2014  / 2013  / 2012 

Half Year Reports

2022 / 2021202020192018201720162015201420132012

AGM Results

2022 / 202120202019

2018 / 2016 / 2013

Non-Mainstream Pooled Investments (NMPI) Status

The Company currently conducts its affairs so that its shares can be recommended by IFAs to ordinary retail investors in accordance with the FCA's rules in relation to non-mainstream investment products and intends to continue to do so for the foreseeable future. The Company's shares are excluded from the FCA's restrictions which apply to non-mainstream investment products because they are shares in an investment trust.

What are the risks?

Past performance is not a guide to future performance and may not be repeated. The value of investments and the income from them may go down as well as up and investors may not get back the amount originally invested. 

Investors in the emerging markets and Asia should be aware that this involves a high degree of risk and should be seen as long term in nature. Less developed markets are generally less well regulated than the UK, they may be less liquid and may have less reliable arrangements for trading and settlement of the underlying holdings. 

The Company holds investments denominated in currencies other than sterling, investors should note that exchange rates may cause the value of these investments, and the income from them, to rise or fall. 

The Company invests in smaller companies that may be less liquid than in larger companies and price swings may therefore be greater than investment companies that invest in larger companies. 

The Company may borrow money to invest in further investments, this is known as gearing. Gearing will increase returns if the value of the investments purchased increase in value by more than the cost of borrowing, or reduce returns if they fail to do so. 

Investments such as warrants, participation certificates, guaranteed bonds, etc. will expose the fund to the risk of the issuer of these instruments defaulting on paying the capital back to the Company 

The fund can use derivatives to protect the capital value of the portfolio and reduce volatility, or for efficient portfolio management.